TORONTO, ONTARIO--(Marketwired - May 21, 2013) - Colossus Minerals Inc. (the "Company" or "Colossus") (News - Market indicators)(OTCQX:COLUF) announces that, at the annual and special meeting of shareholders held on May 21^st, 2013, each of the 8 nominees in the Management Information Circular dated April 10^th, 2013 were elected as directors of the Company.

Based on the ballot conducted at the meeting, the following individuals were elected as directors of the Company until the next annual meeting of shareholders. The results are set out below:

The voting results from all other resolutions provided for in the Management Information Circular were filed today with the Canadian Securities Regulatory Authorities at www.sedar.com.

About Colossus:

Colossus is a development-stage mining company focused on bringing its 75% owned Serra Pelada Gold-Platinum-Palladium Mine to production. The Serra Pelada Mine is a joint venture between Colossus and Cooperativa de Mineração dos Garimpeiros de Serra Pelada (COOMIGASP) located in the State of Pará,Brazil. Serra Pelada, located in the mineral prolific Carajas region in the State of Pará, Brazil, is host to one of the highest grade gold and platinum group metals deposits in the world. Between 1980 and 1986 Serra Pelada was host to the largest precious metals rush in Latin American history. Colossus Minerals shares, warrants and notes trade on the Toronto Stock Exchange (TSX) under the symbols CSI, CSI.WT.A and CSI.NT respectively and in the United States its Common Shares trade on the OTCQX under the symbol COLUF. The Company is headquartered in Toronto, Canada.